Ethics in Managerial Accounting

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why is it important for managerial accountants to maintain a high ethical standard?

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1. Which of the following is a category of ethical violation in managerial accounting?

2. Why are accountants not able to constantly change the method used to compute inventory value?

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About This Quiz & Worksheet

This quiz/worksheet combo is effective at testing your knowledge of ethics in managerial accounting. Ethical violations are covered in the quiz.

Quiz & Worksheet Goals

Thanks to the quiz and worksheet, you can check your understanding of:

  • Categories of ethical violations
  • Reason why accountants can't constantly change the method used to compute inventory value
  • Importance of ethics in managerial accounting
  • Examples of ethical violations

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the ethics lesson
  • Information recall - access the knowledge you have gained regarding examples of ethical violations
  • Knowledge application - use your knowledge to answer a question about the importance of ethics in managerial accounting

Additional Learning

If you look at the lesson, Ethics in Managerial Accounting, you can learn more about these ethics. You will also be able to cover these objectives:

  • Compare and contrast managerial accounting and financial accounting
  • Review examples of ethical violations in managerial accounting
  • Examine the code of ethics for professional accountants
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